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Apple slice: Share split makes joining the Dow more likely

24
Apr
2014

Who says Apple does not want to be in the Dow Jones industrial average? The iPhone maker’s market value has stood high above most U.S. corporations’ for a few years, yet Apple still isn’t a component of that blue-chip stock benchmark. That is because the Dow weighs its 30 components by price, so a $500 stock would overwhelm the index. A seven-for-one stock split that will chop the price to about $75 changes the picture.

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